Mahindra & Mahindra: History, Latest Updates, Milestones, Subsidiaries & Share Price

INTRODUCTION

Established in 1945, Mahindra & Mahindra Ltd. started as a steel trading venture and has evolved into a global powerhouse, operating in over 100 countries. Renowned as the world's leading tractor manufacturer, it plays a vital role in bolstering India's agricultural sector. Additionally, Mahindra is India's top SUV manufacturer, offering reliable vehicles that have become integral to millions of lives. Beyond automotive and agriculture, Mahindra is making strides in renewable energy, exemplified by innovations like the Pininfarina Battista electric car.

Mahindra & Mahindra MOVES IN 2023:

• Mahindra & Mahindra declared their Q3 FY24 results on February 14, 2024. Wisely considering market trends, the Mahindra & Mahindra share price topline witnessed a 15.02% increase, while the profit saw a slight decrease of 0.68% YoY.

• Wisely managing expenses, selling, general & administrative expenses showed a decline of 1.09% q-o-q and an increase of 9.15% Y-o-Y. This reflects the company's prudent financial management strategies, impacting the Mahindra & Mahindra share price.

• operating income experienced a q-o-q increase of 13.16% and a Y-o-Y increase of 8.28%, impacting the Mahindra & Mahindra share price.

• The EPS stands at Rs. 23.76 for Q3 FY24, marking a 16.49% Y-o-Y increase. This growth underscores the wise decisions made by Mahindra & Mahindra's leadership, positively influencing the Mahindra & Mahindra share price.

• Mahindra & Mahindra's stock exhibited a -3.72% return in the previous week, a 5.5% return over the last 6 months, and a -4.18% return year-to-date (YTD). Investors carefully analyze these fluctuations in the Mahindra & Mahindra share price to make prudent investment decisions.

• Currently, the market capitalization of impacting the Mahindra & Mahindra share price is Rs. 198408.9 Cr with a 52-week high/low of Rs. 1758 & Rs. 1123.4 respectively, reflecting investors' wise confidence in the company's future prospects.

Evolution of Mahindra & Mahindra: From Past to Present:

• 1945: JC and KC Mahindra, along with Ghulam Mohammed, established ‘Mahindra & Mohammed,’ initiating their venture in the steel trading sector.

• 1947: The company's foray into the automotive sector commenced with the arrival of 75 Jeeps from the USA.

• 1949: M&M and Mitsubishi forged an Iron and Steel deal, procuring 5,000 tons of steel for wagon construction.

• 1950: M&M transitioned into a publicly listed company, with shares listed on the Bombay Stock Exchange by 1956.

• 1961: A strategic partnership with International Harvester, USA, marked M&M’s entry into tractor production.

• 1962: M&M collaborated with Ugine Kuhlmann, France, to establish Mahindra Ugine Steel Company (MUSCO), specializing in alloy manufacturing.

• 1963: The establishment of the International Tractor Company of India strengthened M&M's standing in the tractor manufacturing sector.

• 1964: The historic visit of the Pope in a Mahindra Jeep underscored M&M’s burgeoning automotive reputation.

• 1977: The merger of the International Tractor Company of India with M&M bolstered its tractor division.

• 1996: Entry into the hospitality sector was realized with Mahindra Holidays and Resorts, India Ltd.

• 1997: Anand Mahindra assumed the role of Managing Director, ushering in a new era of leadership.

• 2012 to 2014: The inauguration of Mahindra Research Valley in Chennai and entry into the FIA Formula E Championships showcased M&M’s focus on innovation and technological advancement.

• 2016 to 2018: The acquisition of Sampo Rosenlew and the reintroduction of the iconic Jawa brand to India marked M&M’s strategic expansion and brand revival efforts.

• 2019 to 2022: The unveiling of the Pininfarina, the relaunch of Thar, and the introduction of the XUV 700 Series demonstrated M&M’s enduring dedication to automotive excellence and innovation.

Timeline of Mahindra & Mahindra:

Inside Mahindra & Mahindra LTD: Exploring Subsidiary Ventures 

Mahindra & Mahindra Limited:

Corporate actions: The meeting date for M&M dividends and others was announced on February 14, 2024, with the purpose being a board meeting to discuss quarterly results. 

Main News: Feb 2024 M&M signs a supply agreement with Volkswagen Group for e-mobility push. Mahindra & Mahindra will source components from Volkswagen for its INGLO platform, enhancing certain electric ranges with MEB and unified cells. The deal spans multiple years with a total volume of approximately 50 GWh.

M&M's Q3 profit surges 61% to Rs 2,454 crore, but misses estimates. Total income rises 16% to Rs 25,642 crore, with EBITDA up 10% to Rs 3,590 crore.

Tech Mahindra Ltd.

Main News: On January 2024, Tech Mahindra's shares dropped over 6% due to disappointing Q3 results. Both Kotak Institutional Equities and Nuvama maintained their 'Reduce' ratings. Kotak pointed out the prolonged turnaround path for Tech Mahindra despite robust revenue growth, citing macroeconomic challenges and a bleak telecom outlook. Nuvama described Q3 earnings as a mixed bag with an uncertain future, highlighting reduced EBIT margins and weak bookings.

Mahindra EPC Irrigation Ltd

Main News : On January 2024, Mahindra EPC Irrigation announced a consolidated net profit of Rs 1.67 crore in the quarter ending December 2023. Sales saw a significant increase, rising by 22.04% to Rs 80.29 crore.

Mahindra Lifespace Developers Ltd.

Mahindra Lifespace Developers achieved a record high after its Q3 profit after tax surged by 51% year-on-year to Rs 50 crore. The real estate developer's stock soared by 8.15% to Rs 613.50 following a 50.6% increase in consolidated net profit to Rs 50 crore in Q3 FY24, compared to Rs 33.2 crore recorded in Q3 FY23.

Mahindra Holidays & Resorts India Ltd.

On February  2024, the Board of Mahindra Holidays & Resorts India appointed a Chief Financial Officer (CFO) during their meeting. Additionally, the Board approved a change in the Managing Director (MD) & Chief Executive Officer (CEO). Furthermore, it reported a consolidated net profit of Rs 11.65 crore in the quarter ending December 2023, with sales increasing by 5.42% to Rs 634.82 crore.

Swaraj Engines Ltd.

On January 2024, Swaraj Engines reported a standalone net profit increase of 3.75% in the quarter ending December 2023. Sales also saw a slight rise of 0.22% to Rs 279.55 crore.

Mahindra Logistics Ltd.

In the quarter ending December 2023, Mahindra Logistics recorded a consolidated net loss of Rs 17.41 crore, despite a 5.09% increase in sales to Rs 1397.23 crore.

Mahindra & Mahindra share price -NSE/BSE

Achievements and milestones:

• In 2016, Mahindra won top Corporate Governance and CSR awards.

• In 2017, named 'Manufacturing Innovator of the Year' by TIME India Awards.

• Achieved the milestone of becoming the first Carbon Neutral plant facility in 2018.

• Seven automotive plants of Mahindra & Mahindra (M&M) received the prestigious JIPM award in 2018.

• Recognized as India's Best Brand by Interbrand in 2019.

• Mahindra & Mahindra featured among the 2000 largest companies in the Forbes 2000 list.

• In 2019, secured 23rd position on Fortune's global ‘Change The World’ list.

• Mahindra Automotive honored as ‘One of the Most Trusted Brands of India 2021’ by Team Marksmen and CNBC TV18.

CONCLUSION

Mahindra & Mahindra Ltd. has evolved into a pioneering force in electric vehicle innovation, exemplified by the groundbreaking Pininfarina Battista. The company's steadfast commitment to forward motion and ecological sustainability is reflected in its global impact across various sectors, including IT, finance, and renewable energy, spanning over 100 countries. The introduction of advanced vehicles like the Thar and XUV 700 Series resonates with consumer demands and technological advancements. As an industrial leader, Mahindra & Mahindra Ltd. is prepared to tackle future challenges, steadfastly dedicated to global progress and the enhancement of society and the environment while keeping an eye on Mahindra & Mahindra share price.

Frequently Asked Questions:

1. Where can I find the mahindra and mahindra share price today?

To check the mahindra & mahindra share price today, please visit the mahindra & mahindra share price page 

2. What is the current Mahindra & Mahindra market cap? 

The Market Capitalization of mahindra and mahindra stock price today is Rs. 228,255.94 crore.

3. What has been the highest mahindra & mahindra stock price in the last 52 weeks?

52 Week's highest of mahindra & mahindra share price (m & m stock price) is Rs1,397.00, while 52 week's low is Rs 853.70

4. What is the mahindra & mahindra ltd share price value?

Mahindra & Mahindra ltd share price value is Rs. 5

5. What is the Return on Equity (ROE) of Mahindra & Mahindra ltd?

Mahindra & Mahindra ltd  ROE stands at 22.09%, which is considered favorable.

 

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